actually, a downturn in usa would impel cost saving/cutting moves across the industries, which should actually play to india's advantage because of much cheaper labor. however, the downturn in usa is not likely to happen despite the subprime woes, whcih the wall street journal says is not a very significant pct of gdp. under bush govt, free market will thrive. however, a democrat in whitehouse could mean distortions would creep back in.
